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If it drives, take it to the finance company and hand them the keys.

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โˆ™ 2006-03-16 19:50:56
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Q: If you call in a voluntary repossession do you have to keep paying on the car until its picked up?
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I am paying child support payments until she's 22 when do I stop paying do I stop on the 22nd or do I continue paying until the 23rdbirthday?

on her birthday


If lender listed car as a repossession within last 24 hours is it too late to avoid having it on credit report if it has not been picked up yet?

First of all, a lender does not report a vehicle as a repossession until they actually have possession of the vehicle. Then immediately via computer the code is entered and authorities notified. The credit reporting company may be a little slow getting the repo on your report however, but any new lender is going to check your report before giving you a new loan. After a vehicle is repo'd you usually have a few days prior to sale of that vehicle, to get the vehicle back if you pay the account current plus any repo expenses if it was a voluntary repo. If it was not voluntary, and the lender had to take the vehicle, they probably will not redeem the vehicle back to you, but it never hurts to ask.


Can a co-signer of a car transfer all debt to the main signer of a car?

No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.


If a car repossession is paid off will credit score increase?

no not until it drops from your credit file


How long after you let the lender know of a voluntary repo and the car has no plates and insurance should it be picked up?

Gpysy, they have about a year to come get it. LOL Most wait until you are 90 days late to give you a chance to come up with MONEY and keep the car.


What do they do with the cars after they get towed?

store it until it gets picked up.


Can repossession companies find out where your car is registered?

Of course. They have the VIN and are the legal owners until you pay it off.


How are strawberries picked?

They are grown in funnel tents until ripe and are simple picked off by hand. They are taken off gently to avoid brusing and are picked with the green stalk still attached


Can you return a new car to the dealer because you cannot afford it?

No, you cannot just return it to the dealer. The dealer has nothing to do with this unless the dealer is also the lender. You must return it to the entity who loaned you the money to buy the car in the first place. It is their car until you pay for it. This is called a voluntary repossession. You will be required to pay the deficiency. That is the difference in what you owe on the vehicle and what they sell it for at auction or private sale. Your credit will also be ruined for 7 years. You will save repossession fees by turning it in voluntarily.


Does a personal water craft repossession work the same as a vehicle repossession?

Yes, until the note is completely paid it still belongs to someone else and can be repossessed. If the transport trailer maybe also if it's on the same note.


Is it crazy to consider voluntary repossession of a 10-year-old vehicle that needs a thousand dollars worth of repairs and you still owe about five thousand on the loan?

No crazier than owing that much on a car that old. IF you do the 1k in repairs, will it last until you get it paid off? What is the loan value of the car in decent shape?


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Can a repossession be put on your credit if you still have the car and can you still get the car sticker and tags?

If your not paying on it yes. Just because you have the car doesnt actually mean you own it until you pay it off in full. The place you got the car loan from does until then. You will waste your money by getting the tags and sticker because if the repo order has been put on your credit, they will be coming to get it, just a matter of time.


Is it legal for the owner that financed your car hold your personal belongings until damages to car are paid before repossession?

NO, it is NOT legal.


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In warm climates like California, strawberries are picked starting in April, but in most areas of the country, such as the North West, they are not picked until June. By the first part of August, the strawberry season is over.


What happens when debtor files bankruptcy Chapter 7 and lists the car as a voluntary repo but it is not picked up after a year?

It belongs to the lender and YOU get to store until they come pick it up. yes...but dont forget to let them know you will be charging them a $60 a day storage fee, just like you would get charged.


Can a lender garnish your wages after a voluntary repossession in Georgia?

Yes, if the lender wins a lawsuit judgment they can execute the judgment as a wage garnishment. Georgia follows federal garnishment guidelines of a maximum of 25% of disposable income with the first $154.50 (weekly based) being exempt from garnishment action. A valid garnishment is generally imposed until the debt is paid.


What should you do if the car was damaged while wrongfully repoed?

Every state requires repossession agents to carry insurance. If the vehicle is damaged during a repossession or especially a wrongful repossession, the agency that secured the unit must have it repaired at their own cost, or as a matter of insurance claim. Remember, do not sign for acceptance on the repairs until you are absolutely satisfied that they have been done properly.


If I missed five payments on a motorcycle can I pay them late and avoid repossession?

Up until the time that your motorcycle is actually repossessed, the dealer will be happy to receive your payments, even if they are late, and will allow you to keep the motorcycle. But if you wait too long the repossession will happen.


What is repossesion?

A car repossession happens when a person falls behind on their car payments and the finance company reclaims the car. The goods they are paying for on a recurring basis are not legally theirs until payment has been paid in full. Until this happens, They will not be classed as the 100% rightful owner of the goods until the lien is removed. When the payments as stated in the agreement are not paid accordingly the repossession of the goods can be taken into effect. When this happens, then a lender can take legal action against you for the money owed to them. Some agreements allow you to miss one or two payments which can be added on at the end of the term. Please be aware that, your finance company can take your car back after missing one payment. http://www.carrepossed.com


If your renting a home in foreclosure when do you stop paying rent?

Not until there is a foreclosure sale.


If you sell your car should you continue paying insurance until you get another car?

no


What if your car is registered in North Carolina but you move to Florida under a repossession?

Ouch! If your vehicle is up for repossession and you have moved from any state to Florida, you may find it difficult to register it or any other vehicle in Florida until the repossession matter is settled. Additionally, you can be criminally prosecuted in Florida if you attempt to hinder the lender in securing their collateral. Further, the repossession agents in much of Forida are among the best in the country, and the ratio of camera cars is pretty high; your vehicle will be found, and they will take it, probably at the most inconvenient time for you.


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gillian mckeith; 2010 until she was voted out.